Featured Condo: Chimney Ridge Condos on Pembina Hwy. in Winnipeg
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Condo Spotlight: Chimney Ridge Condominiums at 3040-3080 Pembina Hwy, Winnipeg
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Located on the east side of the street, from 3040 to 3080 Pembina Hwy. we find the Chimney Ridge Condos.
Year Built: ca. 1977
Total Condos:
Chimney Ridge Condominiums are made up of 98 condos in 5 separate buildings. There are 2 distinct styles of units, each 1100 sq ft in size. One type is the main floor, one-level unit, and the other type is a two-story unit which is actually located ABOVE the main floor condos. This second type of condo requires the owner to walk up one flight of stairs to get to the living-room/dining-room/kitchen space, and then walk up a 2nd flight of stairs to get to the 2 bedrooms and bathroom.
Condo Restrictions:
Just the usual condo-restrictions, such as “No Laundry to be hung from the balcony” etc. Pets are allowed, so long as they don’t pose a nuisance to other owners.
Property Taxes
Gross Property Taxes are currently at approx. $1920.00 per unit. Of course, as an owner who actually lives in their unit, you would qualify for the Provincial Home Owners Assistance Rebate, similar to when you own a house.
Condo Fees
Condo fees are $155 per month, which includes snow removal, property maintenance and management fees. Owners pay for their own hydro, telephone, and water bills.
Laundry and Parking
All units have their own insuite laundry, and units have one parking spot included. At this time (Jan 2012) no additional parking spots were available for rent, although a neighbouring condo complex WAS renting out a few stalls to owners of Chimney Ridge Condominiums.
Amenities of Chimney Ridge Condominiums
This condominium is a bare-bones condo. No pool, fitness room or other amenities, which helps to keep the condo fees nice and low. Of special note is the fact that the main floor units feature a small yard, while the upper condos have a balcony. All units have central furnace and c/air conditioners.
Location
Located right on a bus route of Pembina Hwy, and just south of the University of Manitoba, this condo complex has become very popular with students and property investors who are looking to purchase the units and rent them out.
Prices
During the 2 yr period of 2010-2011, condos at Chimney Ridge have sold for between $170,000 and $190,000 (MLS® stats)
If you’re in the market to buy a condo, whether at Chimney Ridge Condominiums or anywhere else, please click on Condo Finder Form. If you’re thinking of selling your condo, anywhere in the city, please go to my Free Market Evaluation Form.
Related Real Estate News
Winnipeg condo prices through the roof | Winnipeg | News …
www.winnipegsun.com7/10/12
Winnipeg homes are a better investment than ever — especially condos, says Royal Lepage. … Winnipeg homes are a better investment than ever — especially condos, says Royal Lepage in a report released Tuesday. Since this time last year, the average condo … The large price gains in these housing types represent the lower end appreciating as a result of first-time buyer demand,” said John Froese, a broker for Royal LePage Prime Real Estate. “Half of all sales …
CREA says home prices, sales activity to be stronger than previously …
www.winnipegfreepress.com6/15/12
TORONTO – The Canadian Real Estate Association said Friday that national home price and sales activity this year will be higher than previously forecast, following a strong spring. It now forecasts … The bank noted certain segments of the housing market that have a persistent oversupply — such as condos in Toronto — face a higher risk of a price correction. Homebuyers seem to be … You can comment on most stories on winnipegfreepress.com. You can also agree …
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Sites That Link to this Post
- @juliaerickson | July 24, 2012
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- Featured Condo: Sky 1 Waterfront Condos in Exchange District Winnipeg : Winnipeg's Real Estate Blog | August 6, 2012
- House listing expired? Condo did not sell? What is the next step? : Winnipeg's Real Estate Blog | September 13, 2012
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